GE Renewable Energy and the Massachusetts Clean Energy Center (MassCEC) have announced the arrival of a blade which is part of the most powerful offshore wind turbine in the industry at MassCEC’s Wind Technology Testing Center (WTTC) in Boston. The 107-metre blade will undergo…
Sound Energy, the Moroccan focused upstream gas company, has updated investors on the ongoing marketing process in respect of its Eastern Morocco Portfolio. The company announced on the 22nd cay 2019 that, following a decision by its Board to explore monetisation options for the…
Husky Energy has revealed that it has closed the sale of its Prince George Refinery to Tidewater Midstream and Infrastructure for US$215 million in cash, plus a closing adjustment of approximately US$53.5 million. The transaction includes a contingent payment to Husky of up to…
Oil and gas major Shell is buying EOLFI, a French company specialising in floating wind farm project. “This acquisition brings specialist expertise to enhance Shell’s existing wind team and a floating wind pilot project which is an opportunity to leverage our offshore experience and…
The club is aware of several recent piracy incidents in the Gulf of Guinea with incidents being reported off the coasts of Benin and Togo in the past few days. The club would remind all members who may be trading in the Gulf of Guinea…
The economic impact of a fracking ban on shale oil would be somewhat different from the impact on the US gas market, given that lower oil production can be much more easily replaced by imports. At least in theory. As is the case with…
Reservoir performance from the Edvard Grieg field in the Norwegian North Sea continues to exceed expectations, according to operator Lundin Norway. To date there has been limited water production, the company said in its latest results statement, while the total well potential is significantly…
Andalas Energy and Power has announced an operations update on the Betun Selo KSO, in which it has a production interest further to the agreement announced on the 21st June. The company is currently undertaking a four-well workover programme on the project. Workover…
The Oil and Gas Authority report published on the 2nd November concludes that it is not possible with current technology to predict accurately the probability of tremors associated with fracking Separate proposals to change the planning process for fracking sites will no longer be…
Kosmos Energy Ltd has made an offshore oil discovery in Equatorial Guinea, according to the Ministry of Mines and Hydrocarbons. The S-5 well was drilled to a depth of 4,400 metres and encountered 39 metres of net oil play in the Santonian reservoir in…
